164 Indusco Court - 164 Indusco Ct, Troy, MI 48083

The subject multi-tenant asset will be master leased in a sale-leaseback arrangement. The lease will be guaranteed by Pantero, a Michigan-based, fast-growing packaging and warehouse supplies company. An eight-year absolute net lease on 135,747 square feet will be executed upon sale at $7.60 per square foot, which will increase by 2.00% annually. The absolute net lease implies
the tenant’s responsibility for all expenses pertaining to the property including repair/replacement of roof, outer walls, and parking lot. The worldwide trend toward e-commerce (“Amazon Effect”) will continue to have a positive impact on Pantero, which serves as a shipping and packaging supplies partner to a variety of commercial customers. The property has been maintained to exceptional quality standards by current ownership with a new parking lot added in 2018. Additionally, the first and third floor office spaces underwent major renovations over the past few years. 164 Indusco Court is located at 14 Mile Road and Dequindre, with immediate access to the I-75 freeway, providing access to all of Metro-Detroit.